After so many pinks that have caused great uncertainty, this one no different, the best action I can forsee at this point, is to wait to see what the Reverse Merger will do for this stock; ie: share structure, total assets value, business model, plans, total revenue, filed AF's etc. If they merge with a OTCBB, they are required to file, and upon filing shareholders will now have access to company records every quarter including look into total authorized shares. The increase to 2Billion, if thats the case, could have been done so for technicality reasons if company needs share increased to do a reverse merger to allow shares from the other company become registered shares under the Ticker Symbol IBCX. The company stated in the PR within 30 days, details of the reverse merger will be available to all shareholders, until then, either panic sell and move on, or hold and wait to see if this stock is right for you.
For all those scared: 2Billion in shares with 10 Million in Assets holds an EPS .005 with PE20 that still is an undervalued stock @ .05 a share. I believe the 2Billion was a technicality, and will be changed again once reverse merger takes place. The company previously stated they intend to lower the A/S from 500 to 350, and for now, I will go along with their plan in action. So much has transpired recently, just so much uncertainty, creates doubt, and mistrust largely due to lack of communication from the company, but once fully reporting, the sentiment for this stock will change. And for all holding, PPS should go up, I use should, stock trades 90% on sentiment and 10% on fundamentals at this level (pinks, otcbb). Not trying to spin it, but for others holding this stock, this is my take on it....Good luck, happy trading, most of all, its a time to celebrate Christmas (Jesus's Birthday for Christians)....
"Pop another Top, Next round is on ME!!!!"
